Europe Two Wheeler Electric Starter Magnet Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The Europe Two-Wheeler Electric Starter Magnet Market has seen a significant rise in demand due to the increasing adoption of electric two-wheelers and the push for sustainable transportation. This shift is driven by the need for energy-efficient and eco-friendly solutions to reduce carbon emissions in urban mobility. As industries focus on improving the performance and efficiency of electric vehicles (EVs), the role of electric starter magnets has become crucial in ensuring seamless operations and enhanced reliability in two-wheelers.
The electric starter magnet plays a critical role in initiating the motor in electric two-wheelers, making it an essential component in the drive system. In Europe, the demand for these starters is growing as manufacturers seek to meet the increasing demand for electric bikes, scooters, and other electric two-wheeler models. Notably, the market is experiencing strong growth due to the increasing number of government initiatives aimed at promoting electric vehicles, alongside rising fuel prices and consumer demand for eco-friendly transport options.
Industries within the electric vehicle sector, including those focusing on automotive, logistics, and shared mobility services, are looking for high-performance starter magnets. These industries require starters that can provide rapid and reliable starts, contributing to the overall energy efficiency and driving range of electric two-wheelers. As manufacturers strive to meet consumer expectations for longer battery life and quicker recharge times, the development of advanced starter magnet technologies is a key focus.
Additionally, companies are exploring lightweight, durable, and cost-effective starter magnets that can improve the overall performance of electric two-wheelers while keeping production costs low. The demand from the automotive industry is expected to continue growing, with increasing interest from both OEMs (Original Equipment Manufacturers) and aftermarket suppliers, as they aim to meet the needs of both urban and rural riders.
The integration of new materials, such as rare earth magnets and innovations in magnet manufacturing, will play a crucial role in advancing this market. As the two-wheeler electric starter magnet market continues to evolve, it is clear that both technological advancements and industry requirements will shape the future of electric mobility in Europe.
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Hangseng(Ningbo) Magnetech Co.
Ltd.
JUMPS INDIA
Spark Minda
SI Engineering Products Pvt Ltd
India Nippon Electricals Limited
TVS Group
AUTO-LEK (P) Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Two Wheeler Electric Starter Magnet Market
Permanent Magnet Starter Motors
Electromagnetic Starter Motors
Direct Current (DC) Starter Motors
Alternating Current (AC) Starter Motors
Brushless Starter Technology
Brushed Starter Technology
Self-Excited Technology
Controlled Technology
Scooters
Motorcycles
Electric Bicycles
Electric Mopeds
Personal Use
Commercial Use
Performance Racing
Touring
Individual Consumers
OEM (Original Equipment Manufacturer)
Aftermarket Suppliers
Rental and Fleet Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Two Wheeler Electric Starter Magnet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Two Wheeler Electric Starter Magnet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Two Wheeler Electric Starter Magnet Market, By Type
6. Europe Two Wheeler Electric Starter Magnet Market, By Application
7. Europe Two Wheeler Electric Starter Magnet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Two Wheeler Electric Starter Magnet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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